Goldman Sachs: Sterling may fall another 10 percent

Goldman Sachs says Sterling is not yet cheap. It would have to fall another 10 percent for the underlying current account to go from its current level (-3.0 percent) to -1.5 percent.

 

Earlier, Goldman predicted the sterline would fall nearly $1.20.

 

 HSBC analysts say the sterling will decline about $1.10.

 

However, BNP Paribas thinks exchange rate of the sterling is unfair and it may rise to $1.29 soon. Another French bank Societe Generale announced the sterling will go up in case the exchange rate increases to $1.15.